FTN Cocoa has more than doubled price in 3 weeks

13 juil.

FTN Cocoa has more than doubled its price in 3 weeks.

The questions are
1. Is this sustainable
2. What is the catalyst for this accelerated rise

However, my thought is clear on the chart. A fall below those levels may push it lower. But if the momentum continues, we may see a continuous positive run.

Tradew ith care

23 juil.

Note

N5.2 is the next support level.

The push-up was too vertical. Hence, the market needs to take a breath.

27 juil.

Note

It pulled back to 5.5, which was a few kobo from N5.2 naira

28 juil.

Note

N6.65 horizontal TL and ascending TL are acting as a strong confluence support level.